Growth in ND economy appears to be leveling off

State Budget Director Pam Sharp and an executive with Moody's Analytics told lawmakers on Tuesday that revenue during the current two-year budget cycle is now expected to be about $41 million more than the forecast released late last year.

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By Associated Press

Crookston Times - Crookston, MN

By Associated Press

Posted Feb. 13, 2013 at 8:00 PM

By Associated Press

Posted Feb. 13, 2013 at 8:00 PM

Bismarck, N.D.

Officials say North Dakota's economy remains strong but appears to be entering a stage where growth is stabilizing.

State Budget Director Pam Sharp and an executive with Moody's Analytics told lawmakers on Tuesday that revenue during the current two-year budget cycle is now expected to be about $41 million more than the forecast released late last year. But in the next two years, revenue is now expected to be about $45 million less than the earlier forecast.

Officials say a big reason is fewer oil drilling rigs in the western oil patch.